SA/AVP, KYC & AML

SGX Commodities; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

A leading company in Singapore seeks a KYC Specialist to bolster its AML/KYC operations. The role involves thorough client reviews, transaction monitoring, and policy development to ensure compliance with Singapore's AML regulations. Candidates should possess substantial experience in finance, particularly in AML and KYC, and be adept at managing complex processes and projects.

Qualifications

• 5+ years in the finance industry focused on AML/KYC processes.
• Strong understanding of Singapore AML KYC regulations.
• Experience in managing complex AML/KYC projects.

Responsibilities

• Conduct thorough reviews of clients' Source of Wealth.
• Monitor and analyze securities movements for suspicious activities.
• Develop and implement innovative AML policies.

Skills

Analytical techniques

Transaction Monitoring

Client Management

Change Management

KYC procedures

Regulatory compliance

Education

AML certification (ICA or CAMS preferred)

Tools

KYC Screening tools (e.g., Refinitiv, Lexis Nexis)

Job description

Job Summary

The SGX AML/KYC Ops within Operations and Technology (ONT) assists SGX and its subsidiaries (SGX group) with anti-money laundering, sanctions screening, and transaction monitoring control to effectively manage SGX’s ML / Financial Crime and Sanctions risks.

The team is looking for a high-caliber professional to serve as a KYC specialist and change agent. In addition to BAU, this role may support transformation related initiatives involving target operating model, policy and platform changes and process transformation. The aim is to maintain and improve the effective & efficient management of SGX’s AML/Financial Crime and Sanctions risks by establishing standardized guidance, processes, technology, and operational processing.

Job Responsibilities

• Source of Wealth (SoW) Review:
• Conduct thorough reviews of clients' Source of Wealth (SoW) to ensure plausibility and appropriate corroboration, utilizing advanced analytical techniques and industry best practices.
• Ensure detailed calculations support the client's wealth accumulation journey, providing clear and detailed documentation that traces the origin and growth of funds over time.
• Transaction Monitoring and Analysis:
• Monitor and analyze securities movements to identify suspicious patterns and unusual activities.
• Prepare detailed reports on findings and provide strategic recommendations for further action including filing of suspicious activity reports / de-risking of customer.
  
  

• Screening and Risk Assessment:
• Perform document gap analysis for corporate customers, including complex structures to verify shareholders and beneficial owners.
• Conduct negative media, PEP, and sanctions screening against internal and external watchlists to comply with MAS, OFAC, UN and EU regulations.
• Perform screening alerts disposition, customer due diligence, and AML risk assessments.
• Escalate concerns related to customer due diligence and screening alerts for appropriate approvals.
• Ensure compliance with KYC procedures and AML policies.
• Client Management:
• Manage client responses to KYC requirements and resolve documentation-related queries.
• Suggest pragmatic solutions where there are reasonable challenges in submitting necessary documents without compromising the regulatory controls.
• Policy Development, Innovation and Training:
• Develop and implement innovative AML policies to strengthen controls and enhance customer efficiency.
• Drive continuous improvement in the team's output in terms of quality and efficiency.
• Coach and train KYC AML staff to develop a deep understanding of KYC requirements and workflows.
• Foster a culture of critical thinking, analysis, documentation, and operational efficiency.
• Stay updated on emerging AML trends and regulatory changes to ensure the organization remains compliant and proactive.
  

Job Requirements

• Solid experience (at-least 5 years) in the finance industry in AML/KYC, sanctions and change environment.
• Strong knowledge and understanding of AML KYC regulations, especially Singapore regime and Transaction Monitoring typologies.
• Proven in depth change management experience using a variety of change management methodologies including experience implementing changes to business processes, technologies and systems.
• Expertise in global AML standards and best practices.
• Proven track record of successfully managing complex AML/KYC processes and projects.
• Ability to use sound judgment to determine due diligence quality and if meets regulatory standards.
• Ability to apply regulatory guidance to review and improve process in absence of written policy.
• AML certification such as ICA or CAMS is preferred.
• Familiar with KYC Screening tools such as Refinitiv, Lexis Nexis.
• Excellent verbal & written communication and presentation skills.
• Meticulous, coupled with the ability to work under critical timelines.